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TOCOM rubber futures fell on June 26, due to weak U.S. economic data

Tokyo Commodity Exchange (TOCOM) rubber futures prices on Thursday (June 26) fell as weak U.S. economic data, as well as the market for China’s economic growth hormone Japanese stocks offset worries and U.S. crude oil prices upward impact .

TOCOM rubber futures contract prices in December fell 0.8 percent to 218.6 yen / kg (0023GMT), their prices opened higher on Wednesday, closed up 0.8 yen.

TOCOM rubber futures prices are still trading near two-month high, the rapid rise in its price in recent weeks, due to rising crude oil prices and the largest buyer of Chinese rubber positive economic data.

The rate of decline of the U.S. economy in the first quarter exceeded market expectations, but the economic recovery is gradually show.

China’s central bank, according to survey results released Wednesday show that most banks believe that early in the second quarter of China’s economic growth is still relatively slow, demand for loans has declined.

Qingdao Port incident prompted the Chinese banks and exchange plans to introduce appropriate measures to deal with large-scale metal financing events. Exchange said it could lead to China credit tightening, and the gradual shift of large companies and state-owned enterprises.

Asian city early Thursday, the dollar was quoted 101.81 yen, steady on Wednesday level.

The Nikkei 225 index rose 0.3 percent on Thursday, a week from Wednesday lows touched, because stocks upward.

U.S. crude oil futures prices higher on Wednesday on news that the U.S. government agreed to fewer exports of refined oil, but the United States Brent crude oil futures prices fell amid turmoil in Iraq could lead to crude supply disruption worries subsided.

As Beijing June 26, Tokyo rubber reported 219.0 yen / kg, down 0.18 percent.

Translated by Google Translator from http://market.cria.org.cn/4/21606.html

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